MaggieMae
Reality bits
- Apr 3, 2009
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Consider the Investors Business Daily editorial, which includes NYTimes reference:
"President Bush pushed for what the New York Times then called "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago." led by Frank, Democrats stood as a bloc against any changes."
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Let The Inquisition Start With Frank
"Barney Frank (D-MA) Blocked Multiple Attempts At Reforming Fannie Mae And Freddie Mac Spanning Back To 1992 "
Truth On Target: Obama's Financial Friends: Schumer, Dodd and Barney Frank
Enough?
No.
1. Whose opinions are these, and why are they more trustworthy to believe tha Republican Oxely's account of a bill to regulate Fannie/Freddie that was actually passed by the House in 2005 with bi-partisan support including Frank's?
2. And most importantly, please explain how Frank, as a member of a then minority party of the House of Representative, was able to supposedly "stand as a bloc" against changes, presumably sought by the Republicans, who controlled majorities in the House of Representatives, Senate, and White House.
You use the name Oxely as though he were the burning bush.
I don't know who he is and why this one opinion outweighs those of the many whose work is reported in the Boston Globe, WSJ, NYTimes, Baltimore Business Journal, Investors Business Daily, American Spectator, ect.
And I wish you would recall that when you posted the same response on an earlier thread, my response stated that President Bush, a politician, and not a Conservative one at that, didn't show the courage to confront the Dems when they threatened to call him a 'racist' if he tried to block risky GSE loans and reform the system.
There ya go. I rest my case that you have gullible-itis brought on by tunnel vision. One would think, if you cared to shrug off that label, that you would immediately Google Mr. Oxely and obtain a little further information. But you can't be bothered because anything other than the 4 publications you've chosen as your bible on this subject might give you doubts. And you can't have that.